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Carvana Co's Business Segments
Carvana Co's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of Q2 FY2026
Reportable Segments
1
Largest Segment
Reportable
Total Revenue
$ 7,378
Regions Reported
-
Revenue Share by Reportable Segment - Q2 FY2026
- Reportable100%
Revenue by Reportable Segment - Q2 FY2026
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Reportable | $ 7,376 | 100% |
Revenue by Product & Service Category - Q2 FY2026
- Used Vehicle Sales74.6%
- Product and Service, Other1.6%
- Wholesale sales and revenues0.2%
- Wholesale Marketplace Revenues0%
Revenue by Product & Service Category - Q2 FY2026
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Used Vehicle Sales | $ 5,507 | 74.6% |
| Product and Service, Other | $ 117 | 1.6% |
| Wholesale sales and revenues | $ 13 | 0.2% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
1 more categories available
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Description of Carvana Co's Business Segments
Carvana Co (NYSE: CVNA) is an American e-commerce platform that offers an online retailer of used cars, featuring a wide range of vehicle brands and models, transparent pricing, and a delivery model that brings the car straight to the customers’ doorsteps.
Carvana was founded in 2012 by Ernie Garcia, Jr., Ryan Keeton and Benjamin Huston with a mission to reinvent how people buy used cars by combining technology with a customer-driven approach. The company began testing its innovative car vending machine concept in 2013, a five-story structure that holds 30 cars at a time and dispenses them to customers who have completed the online purchase process.
Today, Carvana has expanded its business model to offer a much wider range of vehicles, including sedans, SUVs, trucks, and minivans. Using their virtual showroom, customers can browse, finance, trade-in, and purchase vehicles online from the comfort of their homes. The website provides 360-degree photographs of the vehicle’s interior and exterior, allowing customers to inspect the vehicles virtually before making a purchase.
In addition to its website, Carvana has launched mobile applications for both iOS and Android platforms, making it easier for customers to shop and purchase vehicles on their smartphones. The company also offers financing options, including its own Carvana Financing platform and partnerships with third-party lenders.
Following a purchase, Carvana offers free delivery to customers within a specified radius of any of its 200+ local hubs, including specially-designed flatbed trucks that transport the vehicles securely and safely. Customers can also choose to pick up their purchased vehicles at one of Carvana’s signature car vending machines, which are currently located in Atlanta, Nashville, Houston, and other cities across the US.
In terms of financials, Carvana has experienced strong growth since its IPO in 2017, reporting $5.6 billion in revenue in 2020, a 43% increase year-over-year. The company has also continued to expand its market presence, increasing its dealer network to 246 markets, as of June 2021.
Overall, Carvana has disrupted the traditional car buying process by creating a user-friendly, tech-driven platform that offers the flexibility and convenience of online car shopping, making it an attractive option for modern consumers.
Carvana was founded in 2012 by Ernie Garcia, Jr., Ryan Keeton and Benjamin Huston with a mission to reinvent how people buy used cars by combining technology with a customer-driven approach. The company began testing its innovative car vending machine concept in 2013, a five-story structure that holds 30 cars at a time and dispenses them to customers who have completed the online purchase process.
Today, Carvana has expanded its business model to offer a much wider range of vehicles, including sedans, SUVs, trucks, and minivans. Using their virtual showroom, customers can browse, finance, trade-in, and purchase vehicles online from the comfort of their homes. The website provides 360-degree photographs of the vehicle’s interior and exterior, allowing customers to inspect the vehicles virtually before making a purchase.
In addition to its website, Carvana has launched mobile applications for both iOS and Android platforms, making it easier for customers to shop and purchase vehicles on their smartphones. The company also offers financing options, including its own Carvana Financing platform and partnerships with third-party lenders.
Following a purchase, Carvana offers free delivery to customers within a specified radius of any of its 200+ local hubs, including specially-designed flatbed trucks that transport the vehicles securely and safely. Customers can also choose to pick up their purchased vehicles at one of Carvana’s signature car vending machines, which are currently located in Atlanta, Nashville, Houston, and other cities across the US.
In terms of financials, Carvana has experienced strong growth since its IPO in 2017, reporting $5.6 billion in revenue in 2020, a 43% increase year-over-year. The company has also continued to expand its market presence, increasing its dealer network to 246 markets, as of June 2021.
Overall, Carvana has disrupted the traditional car buying process by creating a user-friendly, tech-driven platform that offers the flexibility and convenience of online car shopping, making it an attractive option for modern consumers.
Carvana Co is an online marketplace for buying and selling used cars. The company offers a range of products and services designed to make the car buying and selling process more convenient and seamless. Here are the segments, products, and services Carvana Co offers:
Segments:
1. Used Cars: Carvana Co offers a wide range of used cars, including sedans, SUVs, trucks, and sports cars, from various makes and models.
2. Dealership Partners: Carvana Co partners with local dealerships to provide a wider selection of used cars to customers.
Products:
1. Cars: Carvana Co offers used cars that are thoroughly inspected and certified by their team of experts to ensure quality and reliability.
2. Financing: Carvana Co provides financing options through its partnership with various banks and financial institutions. Customers can apply online to get pre-approved for financing before purchasing a car.
3. Trade-in: Carvana Co allows customers to trade in their old cars when buying a new one, providing an easy way to offload their old vehicle.
4. Extended Warranty: Carvana Co offers extended warranties on their used cars to provide customers with peace of mind and protection against unexpected repairs or expenses.
5. Delivery: Carvana Co offers home delivery of purchased cars, allowing customers to buy a car from the comfort of their own home, without having to visit a car dealership or showroom.
Services:
1. Online Platform: Carvana Co's platform allows customers to browse their inventory, schedule a test drive, purchase a car, and finalize financing, all online.
2. 7-day Return Policy: Carvana Co offers a 7-day return policy that allows customers to return their purchased car for any reason, giving them added peace of mind and confidence in their purchase.
3. Car Care: Carvana Co partners with local repair shops to offer discounted rates on oil changes, tire rotations, and other routine maintenance services.
4. Customer Service: Carvana Co has a dedicated customer service team that is available 24/7 to assist customers with any questions or concerns they may have throughout the buying process.
Segments:
1. Used Cars: Carvana Co offers a wide range of used cars, including sedans, SUVs, trucks, and sports cars, from various makes and models.
2. Dealership Partners: Carvana Co partners with local dealerships to provide a wider selection of used cars to customers.
Products:
1. Cars: Carvana Co offers used cars that are thoroughly inspected and certified by their team of experts to ensure quality and reliability.
2. Financing: Carvana Co provides financing options through its partnership with various banks and financial institutions. Customers can apply online to get pre-approved for financing before purchasing a car.
3. Trade-in: Carvana Co allows customers to trade in their old cars when buying a new one, providing an easy way to offload their old vehicle.
4. Extended Warranty: Carvana Co offers extended warranties on their used cars to provide customers with peace of mind and protection against unexpected repairs or expenses.
5. Delivery: Carvana Co offers home delivery of purchased cars, allowing customers to buy a car from the comfort of their own home, without having to visit a car dealership or showroom.
Services:
1. Online Platform: Carvana Co's platform allows customers to browse their inventory, schedule a test drive, purchase a car, and finalize financing, all online.
2. 7-day Return Policy: Carvana Co offers a 7-day return policy that allows customers to return their purchased car for any reason, giving them added peace of mind and confidence in their purchase.
3. Car Care: Carvana Co partners with local repair shops to offer discounted rates on oil changes, tire rotations, and other routine maintenance services.
4. Customer Service: Carvana Co has a dedicated customer service team that is available 24/7 to assist customers with any questions or concerns they may have throughout the buying process.